THE vacancy rate for commercial units or premises recorded in Kerry in Q3 is the lowest in the country at 8.9% according to the third GeoView quarterly report on Commercial Vacancy Rates, published jointly by GeoDirectory and DKM Economic Consultants.
The report showed that the vacancy rate in Tralee had decreased by 0.4% on the same period last year from 13.5% to 13.1%.
There has been a decrease in Co Kerry’s vacancy rate from 9.0% in Q3 2013. In this issue it examined commercial vacancy rates in 79 towns across the country, including 22 Dublin postal districts.
The national commercial vacancy rate in Q3 2014 is 12.7% an increase from Q2 2014 (12.6%) and Q3 2013 (12.3%).
Report includes vacancy rates for Killarney, Listowel and Tralee and examines the breakdown of economic activity in each town.
734 of the 8,285 commercial address points in Co Kerry are vacant. The report found the commercial vacancy rates in the three biggest towns in Kerry are Killarney (9.4%), Listowel (12.5%) and Tralee (13.1%).
The report compares the commercial vacancy rate in the same places to the Q3 2013 figures which were 11.7%, 12.2% and 13.5% respectively.
The Q3 edition included a year on year analysis of 101 locations, consisting of 79 of the largest towns in each of the 26 counties and the 22 Dublin postal districts.
Of the towns analysed, Greystones, Co. Wicklow has the lowest commercial vacancy rate at 4.4% and Ballybofey, Co. Donegal had the highest commercial vacancy rate of 32.2%.
The report found that there were 223,245 commercial address points across the country, with 28,251 classified as vacant. This gives an overall vacancy rate of 12.7%. This rate is up from the 12.6% reported in the Q2 2014 issue and the 12.3% recorded in Q3 2013.
See graphics below showing Munster data from the report…
